Meerut Transit Oriented Development: Meerut Pioneers Transit Oriented Development Zones in India, ET Infra
By ,
ET Bureau
Meerut has become the first city in India to integrate transit oriented development (TOD) zones into its 2031 Master Plan. This would incorporate urban development around a transit project, potentially unlocking new real estate opportunities in the region. Meerut Development Authority (MEDA) has earmarked about 3,273 hectares for the TOD, out of which 2,442 hectares have been delineated into seven TOD zones and two special development area (SDA) zones around the Namo Bharat and Meerut Metro corridors."While the majority of the land is privately held and we will earn revenue through FSI, we are also planning a 300-hectare township where we will auction land to private developers," said Vijay Kumar Singh, town planner at MEDA. "We are doing the zonal planning in consultation with NCRTC ."National Capital Region Transport Corporation (NCRTC) is implementing India's first Namo Bharat corridor between Delhi, Ghaziabad, and Meerut. Namo Bharat is India's first regional rapid transit system (RRTS) train service with the first being the Delhi-Ghaziabad-Meerut project."By harnessing potential of transit-oriented development and value capture financing, NCRTC is enhancing financial sustainability of Namo Bharat project," said Shalabh Goel, MD, NCRTC.
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Time of India
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Time of India
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